Mantissa

The decimal part of a logarithm of a number is called mantissa.

Point

It is a dot mark without any dimensions, and has coordinates if considered in a coordinate system.

Line

Which has length but no breadth and height.

Characteristic

The integral part of a logarithm of a number is called characteristic.

Proper Set

It is the power set of the set except the set itself. [2^n - 1]

Power Set

It is the set which contains the subset of the set as elements. [2^n]

Superset

If A is a subset of B, then B is called the super set of A.

Subset

Let us consider two sets A and B, A is said to be a subset of B, if and only if all the elements of A are present in B.

Cardinal of a set

The number of elements present in a set is called the cardinal of a set

Equivalent Set

Two sets are said to be equivalent sets when they have same number of elements.

Objective Case

When a noun is used as the object of the verb, it is said to be in the object or accusative case

Emphatic Pronouns

It will be seen that here compound personal pronouns are used for the sake of emphasis and are therefore called emphatic pronouns

Reflexive Pronouns

When the action done by the subject turns back (reflects) upon the subject

Superlative Degree

The superlative degree of an adjective denotes the highest degree of the quality, and is used when more than two things are compared.

Comparative Degree

The comparative degree of an adjective denotes a higher degree of the quality than the positive and is used when two things of the same class are compared

Positive degree

The ordinary form of the adjective is called the positive degree

Clause

Such a group of words which forms part of a sentence and contains a subject and a predicate is called a clause

Phrase

Such a group of words, which make sense, but not complete sense is called a phrase

Plural Number

A noun that denotes more than one person is said to be in the plural number.

Singular Number

A noun that denotes one person or thing is said to be in the singular number

Tense - Present / Past / Future - Simple / Continuous / Perfect / Perfect Continuous

Tense
Tense means time

Present Tense
A verb that refers to present time is said to be in the present tense

Past Tense
A verb that refers to past time is said to be in the past tense

Future Tense
A verb that refers to future time is said to be in the future tense

Present Continuous Tense
The present continuous tense is used for an action that is still going on or continuing

Present Perfect Tense
The present subject is used to indicate completed activities in the immediate present

Present Perfect Continuous Tense
The present perfect continuous is used for an action which began at some time in the past and is still continuing

Past Continuous Tense
The past continuous is used to denote an action going on at some time in the past

Past Perfect Tense
The past perfect is a verb that shows that the action had been finished before another action in the past

Past Perfect Continuous Tense
The past perfect continuous is used for an action that began before a certain period in the passt and is continued up to that time

Future Continuous Tense
A verb showing an action that will be going on or continue for some time in the future.

Future Perfect Tense
The future perfect is used to talk about actions that will be completed by a certain future time.

Future Perfect Continuous Tense
It is used for actions which will be in progress over a period of time that will end in the future.

Sick Unit

Sick unit refers to a unit whose account has remained substandard for more

than six months or there has been erosion in net worth due to accumulated

cash losses to the extent of 50% of the net worth during the previous

accounting year and the unit has been in commercial production for at least

two years.

Unpaid Cheque

This is a cheque, which is returned ‘unpaid’ (bounced) by the drawee bank.

Services

i) In respect of small and micro service enterprises, services refer to small

road and water transport operators, small business, professional and

self-employed persons, and all other service enterprises.

ii) Services rendered by the banks include various facilities like remittance

(issue of DDs, MTs, TTs etc), receipt and payment of cash, exchange of

notes and foreign exchange etc. provided by the banks to the customers.

Rehabilitation Package

Rehabilitation package is the package drawn for the rehabilitation of a sick

unit. The package has to be drawn in accordance with the RBI stipulations

and it usually consists of

i) Working Capital with relaxation in the rate of interest in terms of

regulatory guidelines

ii) Funded Interest Term Loan

iii) Working Capital Term Loan

iv) Term Loan

v) Contingency Loan Assistance

Guarantee

A promise given by a person.

Government bond

Government bond means a security, created and issued by the Central or

State Government for raising a public loan.

Equity

Equity means a part of capital of a corporate entity that is represented by

the shares of the company whether in physical or dematerialised form.

Fixed rate of interest

Fixed Rate of Interest on a loan means that interest rate is fixed for the

entire period of the loan or it may be revised after the first few years

depending upon the terms and conditions of loan.

Dormant / Inoperative Account

A dormant/inoperative account is a savings bank or current account in

which there are no transactions for over a period of two years.

Demat accounts

A Demat account refers to dematerialised account and is an account in

which the stocks of investors are held in electronic form.

Feminine Gender

A noun that denotes a female animal is said to be of the feminine gender.

Masculine Gender

A noun that denotes a male animal is said to be of the masculine gender

Material Noun

Nouns which stand for a matter or substance of which things are made

Collective Noun

A Collective Noun is a number of person, animals and things considered as one complete whole

Abstract Noun

An abstract noun is something which we can think of we can neither see nor touch but we can feel it.

Common Noun

A common noun is a name given in common to every person or thing of the same class or kind

Proper Noun

A proper noun is a special name of a particular person or place. A proper noun always begins with a capital letter.

Interjection

An interjection is a word which expresses some sudden feeling

Conjuction

A conjuction is a word used to join words or sentences

Preposition

A preposition is a word used with a noun or pronoun to show its relation

Equal Set

Two sets are said to be equal when they contain same elements.

Universal Set

It is the set which includes all the sets that exists.

Disjoint Sets

Two sets are said to be disjoint sets when they do not have any common element.

Joint Sets

Two sets are said to be joint sets when they have atleast one common element.

Single Tan set

The set which contains only one element is called a single tan set.

Null Set/ Empty Set/ Phi set

The set which does not contain any element is called a null set.

Infinite Set

The set which contains unlimited number of elements is called an infinite set.

Finite Set

A set which contains limited or countable number of element is called a finite set.

Set

It is a collection of well defined objects.

Maths

It is a science of numbers and space.

Non-Fund based facility

Non-fund based facilities are such facilities extended by banks which do not

involve outgo of funds from the bank when the customer avails the facilities

but may at a later date crystallise into financial liability if the customer fails

to honour the commitment made by availing these facilities. Non-fund based

facilities are generally extended in the form of Bank Guarantees, Acceptances

and Letters of Credit.

Micro and Small Enterprises

Micro and Small Enterprises are those enterprises engaged in manufacturing

or rendering services.

A micro enterprise is defined as:

An enterprise engaged in the manufacture or production of goods pertaining

to any industry where the investment in plant and machinery does not

exceed ` 25 lakh

or

An enterprise engaged in rendering services where investment in equipment

does not exceed ` 10 lakh.

A small enterprise is defined as :

An enterprise engaged in manufacture or production of goods pertaining to

any industry where the investment in plant and machinery is more than

` 25 lakh but does not exceed ` 5 crore

or

An enterprise engaged in rendering services where investment in equipment

is more than ` 10 lakh but does not exceed ` 2 crore.

Improper conduct of account

Issuing of cheque on the account without sufficient balance in the account;

frequent returns of inward / outward cheques in the account; account has

been overdrawn, or the account holder has exceeded its agreed credit limit;

non compliance of KYC procedure; fraud/malfeasance or fraudulent

intention exhibited by the customer; suspicious transactions/ engagement

in money laundering activity under the scope of PMLA Act, 2002 etc. are

instances of improper conduct of account.

Floating rate of interest

Floating Rate of Interest on a loan means that interest rate is not fixed

but is linked to Reference Rate and would vary in proportion to the

variations in the latter as per the terms and conditions of loan.

Deposit Accounts

•“Savings deposits” means a form of demand deposit which is subject to

restrictions as to the number of withdrawals as also the amounts of

withdrawals permitted by the bank during any specified period.

• “Term deposit” means a deposit received by the bank for a fixed period

withdrawable only after the expiry of the fixed period and includes

deposits such as Recurring/Short Deposits/Fixed Deposits/ Monthly

Income Certificate/Quarterly Income Certificate etc.

• “Notice Deposit” means term deposit for specific period but withdrawable

on giving at least one complete banking day’s notice.

Deceased account

A Deceased account is a deposit account in which case either the single

account holder has deceased or in case of joint accounts one or more of joint

account holders has/have deceased.

Factoring

Factoring is a financial option for the management of receivables. It is the

conversion of credit sales into cash.

Electronic Clearing Service (ECS)

The Electronic Clearing Service (ECS) is an online transmission system

which permits the electronic transmission of payment information by the

banks/branches to the Automated Clearing House (ACH) via a communication

network.

Electronic Funds Transfer

Electronic Funds Transfer (EFT) is a scheme introduced by RBI to help

banks to offer their customers facility of transfer of funds from account to

account from one bank branch to another in places where EFT service is

available.

Adverb

An adverb is a word used to add something to the meaning of a verb

Verb

A verb is a word used to express an action of a person, place or thing

Adjective

An adjective is a word which adds something to the meaning of the noun

Adjective

An adjective is a word which adds something to the meaning of the noun

Pronoun

A pronoun is a word used instead of noun ex: he, she, I, me

Noun

A noun is the word used as the name of a person, place or thing

Predicate

What is said about the subject is called a predicate

Subject

The person or thing we speak about is called a subject

Nomination Facility

The nomination facility enables the bank to: make payment to the nominee

of a deceased depositor, of the amount standing to the credit of the depositor,

return to the nominee, the articles left by a deceased person in the bank’s

safe custody, release to the nominee of the hirer, the contents of a safety

locker, in the event of death of the hirer.

Non Performing Asset

A Non Performing Asset (NPA) is a loan or an advance where

i) interest and/ or installment of principal remain overdue for a period of

more than 90 days in respect of a term loan.

ii) the account remains ‘out of order’ in respect of an Overdraft/Cash

Credit (OD/CC).

iii) the bill remains overdue for a period of more than 90 days in the case

of bills purchased or discounted.

Net worth

Net worth means sum of Capital and free reserves minus accumulated

losses.

National Electronic Funds Transfer

National Electronic Funds Transfer (NEFT) system is a nation-wide funds

transfer system to facilitate transfer of funds from one bank branch to any

other bank branch in the country.

Exclamatory Sentence

A Sentence that expresses a strong or sudden feeling  is called a Exclamatory Sentence

Interrogative Sentence

A Sentence which asks a question is called an Interrogative Sentence

Imperative Sentence

A Sentence that express a command, a request or desire

Declarative Sentence

A sentence that states or declares something

Sentence

A group of words which make complete sense is called a sentence